Tuesday, January 8, 2013

Commodity Updates: Copper, Crude, Gold Silver Tips

Commodity Updates:

In the latest trend of commodity MCX crude oil is trading at 5160 level with marginal gains of 0.15 percent. However MCX Copper is tradding at 450.10 with a decline of 0.2 per cent. Aluminum has declined by 1 per cent. Zinc has also dropped more than 1 per cent. Nickel has weakened 0.5 percent and 0.8 percent in lead.

Crude Updates:

In MCX Crude it might get 5000's level. However crude has a strong support at 5100 level. Sell is suggested in MCX Crude around 5160 levels with a stop loss placed above 5200 levels for targets of 5080 levels.

Copper Updates:

In MCX Copper it is also looking to deal in bearish trend in evening session. Currently MCX Copper is trading at 449.55 level lossing 0.32 per cent. Copper Updates suggest a down trend with a support at 440 level and a resistance at 455 level. Sell is suggested in MCX Copper February around 449 levels with a stop loss placed above 453 levels for targets of 445 levels.

MCX Gold Silver Tips:

MCX gold is trading below 30900 with marginal gains of 0.1 per cent. Currently it is trading at 30878. For today it is looking in consolidation. We suggest a sell in MCX Gold. MCX Silver is also trading on bullish trend for today but not seeming to retain the current trend for today. In MCX Silver Tips we suggest to sell to get the target of 57400 level. For Accurate Target and Stop Loss Please fill the free trial form.